1401 E Mall Dr - Hospitality FOR SALE


Holland, OH 43528
$3,450,000 USD
248-931-7694
1401 E Mall Dr, Holland, OH for Sale
$3,450,000 USD
Hospitality - FOR SALE
1/4
null | 9.57% Cap Rate

1401 E Mall Dr
Holland, OH 43528


HIGHLIGHTS

  • Extensive Renovations: Over $400K in franchise-mandated improvements completed between 2023 and 2024.
  • Market Stability: The local market exhibits resilience, with strong occupancy rates and demand drivers, supported by ongoing investments in the region
  • Strong NOI Performance: Achieved a 31% NOI margin through September 2024, reflecting efficient operations and cost management

OVERVIEW

The Quality Inn Holland is a 130-room, three-story hotel located at 1401 E Mall Drive, Holland, OH 43528, just off Interstate 475. While sitting on 3.08 acres this property underwent a significant renovation between 2023-2024. The hotel offers various common area amenities, including an outdoor pool, fitness center, business center, breakfast area, and a laundry facility. Holland, a charming suburban town in Lucas County, benefits from several key demand generators, including Toledo Express Airport, I-75/I-475 access, nearby industrial and business parks, the University of Toledo, the Toledo Zoo and Museum of Art, and the Seagate Convention Centre. This strategic location positions the Quality Inn to capture a steady stream of business, leisure, and event-driven travelers.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$80 USD /SF

# OF ROOMS

133

PRICE/ROOM

$25,940 {currency}

CAP RATE

9.57%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn Holland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

124

LAND DETAILS

LAND ACRES

3.08 AC

LAND SF

134,165 SF

ZONING

19-C2

APN/PARCEL ID

65-86957

ASK ABOUT THIS PROPERTY

Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

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Jasnayak SohiThe Sohi GroupMore Info
248-931-7694

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.